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Dec 5, 2013 7:00pm EST
of people but he is also very hardheaded about things like the economy. when he got into office, they had been really sapped by sanctions for all these years and could have gone either way. look at zimbabwe next door. interesting because you mentioned the sanctions risk. there was a divide in this country about the sanctions. reagan was slow to act and there was a lot of pressure or members of the congressional black caucus and other circles as they have been noting tonight, lots of concerts in support of mr. mandela, lots of concerts in support of those who said that we should not have any dealings with south africa as long as apartheid was still in place. >> the people for sanctions were on the right side of history because it really did weaken the regime and probably brought them to the bargaining table much quicker. >> in your article, you noted south africa's economic and clinical aspects were intertwined. how so? how did he help to narrow that defined? had growth rates under 1% during the entire apartheid regime. from the time he was a like did until 2008 they were clipping along. t
Dec 5, 2013 6:00am EST
values and commitments. and if we refocus our energies on building an economy that grows for everybody, and gives every child in this country a fair chance at success, then i remain confident that the future still looks brighter than the past, and that the best days for this country we love are still ahead. [applause] thank you, everybody. god bless you. god bless america. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> house speaker john boehner criticized democrats and president obama yesterday for failing to pass legislation to create jobs and grow the economy. here is what he said on the house floor. the house for one minute. the speaker pro tempore: the gentleman is recognized for one minute. the speaker: mr. speaker, the american people work hard and they've got a right to expect their elected representatives to do the same. house republicans are listening. to date the house has passed nearly 150 bills this congress that the united states senate has failed to act on. many of them would help our economy
Dec 3, 2013 2:00pm EST
, are we headed for a largely and humanless and jobless economy. we call it a pick me up. >> talk about the stomping in stocks, rally interrupted the dow and s&p 500 suffering their biggest one day drop. the dow on verge of its first three day losing streak since september as it dips to its lowest level in three weeks after saturday straight weeks of gains for the dow and s&p 500. interesting in today's session, we saw what we saw in yesterday's session that is the russell small cap index leading the way down under performing the markets in weakness in the financial today. to bob pisani at the big board. >> hello there. and here's what i'm seeing today and a lot of people have been asking the start of something. i don't see a big start, but i do see a little bit of signs of concerns. put up the full screen. the european close was poor today. had a great run in europe the last couple months. starting to fall apart. brent poor, two to one event declining. buyer interest, how much do you buy at the bottom? nonexistent today. the dow, we've been down three days in a row, hasn't happened in
Dec 4, 2013 6:00am EST
the economy probably added around 173,000 barrels last month alone. we will preview friday's government report. we have international trade coming along with productivity and cost. at 10:00 a.m., we get new home sales and ism nonmanufacturing. finally this afternoon we have the fed's beige book. 21 of the 30 dow components actually declined yesterday. the blue chip index dropped for a third straight day. this was a little bit of a drop because, again, three days in a row we haven't seen anything like that in several months. if you're wording about investor securities, the gauge rode to a six-week high. this morning, u.s. equity futures are indicated up slightly, up by about seven points. s&p futures down by over a point. nasdaq up about a point. and the ten-year note, this is what we've been watching so closely. the ten-year note at some point is yielding 2.8%. >> exactly. >> that's been driving the direction for a lot of these things. moving up yesterday was around 2.78. but 2.8 is where people start to sit up and take note. >> just under 16,000. vix at 14. ten-year, 2.8%. i'm not ready to sa
Dec 6, 2013 3:00pm EST
think it will be a little problem for the economy, unless they can prove that the economy has strengthened enough to handle it. i don't think it's there yet. >> we've had one small preview of this move and it was called this summer. we saw the ten-year move back up to 3%. we know it took some momentum out of the housing market. if i'm the fed and looking at what's happening with housing, with autos, is the evidence strong enough that that did enough damage that the same will happen again? >> i think they're worried about that. i think they're absolutely worried about that, which is why they're not -- why they're not going to taper. especially why not they're going to taper into the end of the year. right? there are two many other issues in front of them. as abigail said, the changing of the fed, debt ceiling in front of us. today there's that rumor we'll come to this budget agreement before washington goes on vacation in two weeks. if that happens, that just opens the way further, i think, for a little morally. >> you sound like you're taking some profits here, abigail. are yo
Dec 6, 2013 5:00pm EST
, could they do it in the next few weeks? i would say yes. it's on the table. the economy looks in much better shape today than it did in september, when they decided not to do it. and you know, so the door is open for them to act. it could wait until january, but this is basically the green light, that they have been looking for to start pulling back, and frankly, i think they have to be breathing a sigh of relief, because you know, the alternative to pulling back, because we have a stronger economy, was pulling back, because the costs started to exceed benefits, they didn't want to number that position, so i think they are happy over there today. >> from ben bernanke, do you think he wants to force janet yellen's hand starting tapering in december? >> no. they are working closely together, they have been the last three years. and i think no one on the fomc wants to be in position, where they are taking -- they are making a move today, that they are going to regret in three months or janet will regret. so i think you should feel comfortable, that whatever they do at this december meeti
Dec 6, 2013 3:00pm EST
and for monday. 203,000 jobs being added to the economy. exciting to see. great news. >> 7% unemployment. >> yes, americans back to work. forcee labor participation went up meaning more people are being counted. that's been a big concern, that just falling off. >> all reason to cheer. and market likes it. >> market loves it. they mightd think get nervous because it might mean tapered sooner rather than december.n as soon as >> right. >> nonetheless, higher. >> good news is good news. let's go to the big picture. will show you the three charts you've got to see. the dow industrial up 183 points. up 1.2%. we were up about 193 points a few minutes ago. slightly off the highs but still vague very good day. thewe're making up for ground we lost in the preceding five days. will this is curious. spike up early this morning up to 2.93 and back we you're wondering whether the taper is priced in. >> could be. >> yup. at about -- >> good is good. >> means good is good. i like it. story., by the way, same it's call it flat. it's only up 29 cents. oil is up 6% in one week. begin to think maybe this t
FOX Business
Dec 9, 2013 4:00pm EST
, the idea was that was the preamble, the first chapter of taper and what we saw that the economy actually did quite fine. job creation stayed at 175 to 200 level. maybe we had a little shift around in the complexion of the economy and housing took a bit of a dip but actually closing and contracts we saw coming to market particularly in the middle part of the real estate market continued pays. what they were doing in terms of setting the table for the real taper that is due to happen later this week or in january, actually seems not to affect the economy as much and market seems fine with it. cheryl: okay, jamie, lincoln just said it, the taper that could possibly happen next week. there has been more of a chorus of analysts and traders, investors like yourself saying hey, look if the data is there for the december meeting we'll see a taper but the market may not be ready for that. they're thinking march or january. what happens? >> well, i think the market is actually more ready for taper than people get it credit for. we got a preview what it will look like. one of the things that people
Dec 9, 2013 5:00pm EST
will say that was money well spent when you look at the jobs that we will see and the fact that the economy doesn't suffer any greater than it did. and a practical standpoint, what this means for gm, look for them to issue a dividend rather quickly. and they no longer are under the t.a.r.p. pay restriction. they have long said that has been holding them back from recruiting the type of talent that they want to recruit for executives. the two big changes immediately for general motors now that uncle sam has sold all of its position. >> thanks for that update. we appreciate it. interesting that phil brings up the math in terms of how much money per day the government has lost. that was also quite a chunk of change. they were saying that they saved a million jobs. >> a million jobs? >> more than a million jobs. would it cost the broader economy more than a million jobs? how much is that cost per job to save it if you're going to do those types of calculations? >> i think it was a great thing for them to do. not just gm. we don't know all the ramifications. if they had actually rsh. >> you're t
Dec 6, 2013 9:00am EST
remember this is an asymmetric economy and we have keep our eyes on the bottom half. >> it suggests the economy is doing better, even in the face of headwinds and moves us closer to the fed's threshold number. we may get there quicker than we expect. >> thank you for joining us. it's time for "squawk on the street." >> 203,000 jobs added in november. a jobs report headed in the right direction. i'm carl quintanilla with jim cramer. david faber is off. the 10-year yield within about 10 basis points or so of that 3% at least earlier this morning and europe is worth watching as well. looking at the jobs number, as we said, 203,000 non-farm jobs added last month, forecasts calling for about a gain of 180,000. the unemployment rate down 0.3% to 7%, the lowest level in exactly five years. the question is whether or not the fed will scale back its bond purchasing program when the central bank meets later this month. jim, whether it was u-6, the workers, the wages, there's not a lot to quibble with in this one. >> i was most concerned about an even bigger number. this is kind of good. it wa
FOX News
Dec 7, 2013 3:00pm PST
emergency jobless benefits. this, after friday's strong jobs report showing the economy added 203,000 jobs last month, sending the unemployment rate down to a five-year low of 7%. rick tyler, senior vice president of the strategy group and former spokesman for former house speaker newt gingrich. ellen ratner, talk radio news service bureau chief and fox news contributor. here now to talk about this. good to see both of you. >> thank you. >> good to be here. >> of course, more people working is always good news. do you think we need more placement, though, in jobs that are paying more than minimal wage or are more stable than part-time jobs? if so, how do we get there? >> we certainly do. part of the way we can get there is by developing more infrastructure projects because our infrastructure is crumbling in some places. certainly know the bridges and roads are doing it. jim pinkerton talks about this project he's got going. there are ways we can get these higher-paying jobs. every time there are people who make more money, they put more money into the economy. so that also stimulates the e
Dec 9, 2013 6:00am EST
:00 p.m.'s economy slowed more than estimated last quarter. gdp was 1.1%. that was revised down from the first estimate. business spending was weaker than initially thought as companies are cautious on their economy. protesters poured into the streets of kiev. they fear that the president is going to bring the country into an economic bloc led by russia. this followed a rally where they tore down a statue of vladimir lenin. and a chance to own a piece of the sydney opera house. you can own a tile for as little as $90. you do not own it physically, but you can personalize it online, giving you virtual ownership. fundraiserart of a to pay for the renovations. >> i would do that. people buy stars for each other, why not buy a piece of the opera house. >> there is a birthday gift for tom. >> time for single this chart. what do you have? >> he is going to become the ceo of time warner cable. there is work that the company will be acquired soon. rob marcus has a big payday coming. he could go out the door with a golden goodbye. we wanted to take a look at what other recent severance packag
Dec 4, 2013 4:00am PST
or even less than that. so i think that with the onward expansion in our economy the big banks will benefit in 2014. > >thank you for your insights larry. > >thank you. a legal blow is happening to the people of detroit who were hopining to be spared losing pension money in the nation's largest bankruptcy filing. federal judge ruled: the motor city is eligible for chapter 9 bankrutcy protection.the concludes cutting pensions of retired city workers can be included in detroit's financial re- organization. detroit's emergency manager kevyn orr -- appointed by michigan's governor says "we are gratified with court's ruling-- it allows a clean slate and fresh start to remove crushing debt" a national pension fund spokewoman says: " modest pensions of detroits firefighters, police officers, and other city employees could be all but wiped out, even as wall street banks continue to extract hundreds millions of dollars from the city's economy. an attorney tell us city officials cannot sole use pension funds to pay debts. the judge mentioned this, the cuts have to fair and equitable whic
FOX News
Dec 5, 2013 8:00am PST
, and that's hurting the economy, as well as the military authorization bill, the defense authorization bill that allows the military to get paid next year. these things have to get done fast, it is going to be very tough including avoiding a shutdown. jenna: sometimes you're known for procrastination, maybe a tougher deadline can help everyone -- i'm just going to be optimistic. >> nice place to start. [laughter] jenna: carl, thank you. jon: when americans hear the work schedule, no wonder congress has such a low approval rating. let's go to the extreme weather alert, a nasty winter storm causing big, big problems. after being pummeled with heavy snow and freezing winds, areas are digging in for a burst of very cold temperatures. the storm is on the move now and spelling icy trouble across the south. meteorologist maria molina is here with what we can expect today. maria? >> reporter: hi, jon, good to see you, and hello, jenna. we've been looking at some very cold current wind chill temperatures with some areas looking at a current wind chill at about threes below -- 40 degrees below zero a
Dec 9, 2013 9:00am EST
the transition to a new economy, where the federal reserve is not playing that much of a role, can happen. that's what bernanke told us what could happen. it would be amazing as a swan song if it does happen >>> speaking of the fed, front page of the business sentence, the first sentence of ben apple balm's fed piece. federal reserve officials are in no hurry to retreat. >> we're in a weird moment here. when i looked at the pan aklee of knees, not a lot of bad. not a lot of land mines. >> we had this conversation and promptly went down for a few days. >> true but the difference might be that the news flow is very positive this morning. it is indicative of the year. sisco buys a company, u.s. air. no one is thinking they will do that. here is a stock that's been stuck at 33. >> the other one is stuck, period. >> then, we have gilead and this is like apple with china mobile. this is the moment in time that people think, that's new. they create reasons to buy stocks. i was on the phone with somebody who was very big in p.c.s. this has really accelerated. >> p.c.s? >> yes. that's the reasoning behi
FOX Business
Dec 4, 2013 4:00pm EST
to squeeze out any kind of gain. liz: let's get to that and the details of it, the fed saying the economy is growing calling a modest to moderate pace. saying there are particular signs of economic activity in the auto and tech industry specifically. david: company hiring rose the fastest pace in a year. showing a gain of 215,000 jobs last month. the data coming out a couple of months before friday's job report from the labor department. liz: the rate of growth in the services sector of the economy slowed. saying nonmanufacturing index slipped. david: sales of single-family homes surged the most in more than three decades in october. commerce department reported sales soaring to a seasonally adjusted annual rate of 444,000 units. liz: the trade deficit narrowing as exports hit a record high. picking up in global demand that could help boost american growth in the fourth quarter. david: and falling of the fda revealed the company recalling 1400 robotic surgery systems because of concerns the devices could stall and that was bad news for the stock. "after the bell" starts right now. liz: i
Dec 3, 2013 3:00pm EST
the inception. this is 20% of the economy health care. it's not going to happen overnight. for me who's not a health care specialist, i look at three or four things that make it critically important. 3 to 4 million people uninsured, will be insured. the 100 plus people that get preventive care that don't have it and the 125 million plus people that have preconditions that will now have to not worry they won't get insurance. those are the things most important to me that is not someone worrying about the day to day website. not that it's not a problem. >> the day to day function of the website comes back to this question about affordability for health insurance longer term. to get younger healthier people involved, it's got to be easy for them to sign up not as difficult as it is right now. when we start to look at what the premiums will be for the next year and beyond i mean, all -- this becomes very, very poblgd. lgd jfrz >> to get health care lower costs, website has to be ioned out. we need to get the young and vibrant to want to go on the exchange. adds peo
Dec 5, 2013 9:00am EST
with jim cramer and david faber. we'll get to that apple news in a minute. but the broader economy making some headlines here. gdp revised up to six. there's questions about stockpiling, as well. the ten-year did pick up the 287 off just a touch now. the ecb hold rates steady. our road map this morning, the market, strong gdp claims data putting pressures ahead and sparking more concerns about potential fed tapering. >> apple is in the news for reports ooh a deal to china mobile and carl icahn is revising his call for a share buyback. >> we'll look at the winners and losers in retail. >> wow. >> first up, though, the ten-year notarizing on better than expected economic data, revised third quarter gdp up 3.6 while weekly jobless claims fell below 300k. this all happened on the 17th anniversary of alan greenspan's irrational exuberance speech in 1996. >> how do we know when irrational exuberance has unduly escalated asset values which then become subject to unexpected and prolonged contractions as they have in japan over the past decade. >> that leads us to a good question, jim. last night,
FOX Business
Dec 4, 2013 9:20am EST
♪ >> unions take a hit. opec in disarray. wal-mart has a very good day and the economy slowing down or speeding up, which is it? good morning, everyone, there's a lot to deal with so here we go. detroit's unionized pensioners will see their benefits cut. watch out other american cities. frack, and floods the world with oil, and opec is split. what's a cartel to do? an on-line shopping binge rolls on. wal-mart had its best day ever. and stocks will open lower again? yeah, a big day. "varney & company" is about to begin. hi honey, did you get e toaster cozy? yep. got all the cozies. [ grandma ] th n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. i
Dec 5, 2013 10:00am EST
around the world. the u.s. economy grew faster in the thor quarter than first figures showed. up from the initial estimate of 2.8%. the biggest increase in inventory since 1998 is the reason. two low-fare carriers will benefit from the merger that is creating the new american airlines. southwest air and virgin america will gain flight slots at laguardia airport. settlement of a the justice department suit blocking their merger. night a record breaking for norman rockwell's painting. it sold for $46 million. it was the most ever for a painting. it was voted a reader favorite. i am not sure when it was voted a reader favorite. let's start with a blackstone to joe brought up. -- joe marotta. -- barata. we welcome joe for his first television interview. >> thank you for having me. seems sensible to talk about private equities, since that is what you do. why isn't it busier? fordoes it seem so hard people in your business to find things to buy? >> that is the perception i think. we are in a more normal private equity environment right now. i don't think it is slow, i wish it was busier. i
Dec 6, 2013 2:00pm EST
the economy may be improving and that the fed should be getting out of the way. >> mike, i'm sorry to interrupt. are you telling me december meeting if the fed announces tapering, that the markets will take it in stride? that's basically what you're telling me? >> i think it will take it more in stride than maybe it would a month or so ago because the numbers have been getting better in the economy. >> steve, do you agree with that? >> i agree with michael. i think the numbers have been improving all week nothing but good numbers here and starting out with the key 3 gdp, inventory bills. >> strengthening. record auto sales in november, the jobs numbers are very good here today, housing retail, everything looks good and we've been saying all along we think we're going to be tapering into strength and the market is going to see through that. i think we're using 120 next year for s&p earnings, still high relative to the street, but i think people are starting to see that as a real possibility and stocks are trading at 15 times next year relative to everything else you have to buy out
Dec 5, 2013 1:00pm EST
if the government does not control it to some degree from spilling over into the real economy. >> what are the popular things purchased using bitcoin? >> people are using it for anything and everything. even house purchases, i've heard. chinese maintain strict technical control. you can only bring in $50,000 a year and take out $50,000 a year. house prices, you would not get much for $50,000. people are finding ways to circumvent these capital controls. i think bitcoin has found tremendous and peel -- appeal among money -- money laundering and criminal elements as well. they enforce this? >> the way china has to move is reform. there's a lot of talk of pushing reform. we have foreign central banks increasingly holding reserve. if they do not liberalize fast enough, then you will see, whether bitcoin or other types ,f currencies or instruments emerging. the party wants to send a warning to stay related banks and companies not to use this currency. >> we talked about the new administration in china. do you see them moving in a more conservative direction? >> socially and politically, alm
Dec 3, 2013 12:00pm PST
care debate is over, that we've got to make this work. the real issue is going to be the economy. the average wages of working americans declined in the past ten years, how do rewe restore growth in the pocket books not just in the stock market for the american people? we've got to lean in on that and start addressing the concerns of parents trying to send their kids to college, get them jobs. retirement security, these are things that have been put on the side and it's really a discredit that congress is focusing on middle class concerns. >> congressman, to that point, we're seeing a rising movement across the country in support of raising the minimum wage, something that republicans and congress seem to have no interest in doing. but are you hearing from constituents that that's a concern to them? do you think ultimately we could see enough pressure brought to bear that even republicans in congress admit that we need to raise the minimum wage that it would be good for the economy and lift a lot of people out of poverty? >> absolutely. when you see the stories about food service
FOX Business
Dec 2, 2013 11:00am EST
? >> it may be overdone. the fundamentals in the economy justify the equity and well. it is hard to correlate with the sluggish growth we continue to see. outside of that the asset purchases by the fed and aggressive monetary policy we have seen serves the purpose of inflating risk premiums and essentially causing them to tighten places they wouldn't otherwise be. i don't think that is just an equity or fixed income issue. all sectors will be affected if that begins to unwind. connell: one of the big stories no doubt it's going to be one type of federal reserve will generate yellen oversee and willie federal reserve as to this risk or take away from it. what is your view? >> from a market perspective it is all about expectations, and the expectations are already in the price of fed is going to taper. we think the fed essentially already tapered this summer, so if you look back to announcements when the fed announced aggressive asset purchases, interest rates began to rise after that announcement. we would not be surprised to see riverreverse happen as the fed announces tapering of quantitativ
FOX Business
Dec 4, 2013 1:00pm EST
understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. adam: yes, another icon of magazines has gotten back just as vennable name you thought had died is mounting a comeback in print. like horse buggies. horse whips. dennis kneale with all the news fit to print. dennis? >> "newsweek" back from the dead. venerable "newsweek" went out of print late last year. clinging to the online existence in the belly of "the daily beast". the beast is knew a small buyer. "newsweek" says run the presses it will be a print version next year, a shadow of a it former self, 64 pages. gets more money from subscribers than advertisers. with startling circulation of only 100,000. that is basically a small local newspaper for once venerated national magazine that peeked at 3 in.3 million subs in 1991. -- 3.3 million subs. iconic "new york" magazine, i
FOX Business
Dec 9, 2013 1:00pm EST
to unfold? >> the uncertainty is the plague on the economy. the fact businesses cannot plan health care or tax policy, i don't know their obligations, standing in the way of the progress of recovery by thwarting business at every turn. the economy may be turning around. it is not going to be where it should be, they refused to take the lead and help businesses. they are together, it is a shared responsibility and went businesses do their job and congress is not doing theirs, they had to start reading up on capitol hill with the hous housd senate and the protected. adam: oil is holding steady in today's trade, so the prices come too far, too fast? let's turn to phil flynn in the trading pits of the cme. explain, what happened. >> i don't know if it is so much wti came up too much, too fast, or the fact everybody was unwinding. the main feature was to buy brand, that with the trade going to the end of the year. now with supplies the u.s. at the highest level since the 1930s, production coming on and reversal of the keystone pipeline from pushing down is going to bring the spread back in.
FOX Business
Dec 2, 2013 9:20am EST
years. what does that tell you about the state of the economy? >> well, that's not very good news, stuart, but really, really is important here is not 1 percentage this week or last week, what really happens is economic policies. we could get this economy growing enormously if we put in good policies. a low rate flat tax, spending restraint. you know the drill. it's all there. and that, this is all a consequence of very bad economic policies by this administration and congress, especially the senate and they've put through a lot of tax increases this year and you're seeing the consequences of it. look at what obamacare has been doing, it's liighths catastrophe and why would you expect something really good to be coming out of this mess? i wouldn't. >> i think we've had this conversation before. >> yeah, we have. >> unfortunately. are we going to have it again in a couple of minutes? because i question whether you're going to get any change in economic policy in the next three years, i don't think you are, but i'll come back to you on that one in a second, okay? >> it's a deal. st
Dec 7, 2013 2:00pm PST
know the economy is essential, and it's good he was meeting with secretary geithner, but here on his signature issue not to take charge. and i have no doubt the white house is right, that secretary sebelius was in several group meetings with the president about health care, but the whole point is, there was nobody in charge in the administration. the president was turning to and saying i look to you for overall responsibility, and in this case it should have been the secretary of health and human services. she does run the department that oversees this. and the fact that he was not meeting with her one-on-one, i think, frankly, is not so much an indictment of her but of the white house operation. >> which is fascinating because we saw her testify very publicly, she took full responsibility for what had happened, but at the same time if this was so important to the president, you would think that there was a lot more one-on-one interaction especially on something that's so critical to him and his policy. professor, the president went on msnbc this week, he was asked about his manageme
Dec 9, 2013 4:30am PST
at a time when the economy is still weak. >> they have to agree on a defense spending bill and the farm bill which includes cuts to food stamp benefits. the timeline is get this done, just got shorter as some are traveling to nelson mandela's funeral this weekend. >> just when you thought the coined shopping days were behind us turns out today is green monday. that term was coined by silicon valley based ebay back in 2007, after the company saw a big increase in online shopping the second week of december which is where we are now. last year online shoppers spent more than a billion dollars on green monday and they could break that this year. analysts predict another round of discounts raging from 30% to 50%. this morning several bay area based tech giants like apple, google and facebook call on president obama and congress to overhaul surveillance laws. we turn to mary thompson live at cnbc world headquarters. good morning. >> good morning to you. we're taking a look at the futures, higher as the markets come off of friday's jobs report rally and following data released from china. on frida
FOX Business
Dec 4, 2013 11:00am EST
workers, good for economy and part of the american dream. i really don't think government should have to set a minimum wage. i would like to believe employers would want to pay a fair wage and one that doesn't have to be supplemented with welfare food stamps and health care. it is a good feeling when you pay your employees a wage where they can buy and afford to purchase goods and wares being sold. it is embarrassing for people who work in retail stores where profits are soaring and employees are making -- employers are making large income but the staff cannot afford to buy the goods they are selling. connell: when i heard it be great if the government didn't set a minimum wage. the conservative argument against raising the minimum wage is if you raise the wage too much, these businesses, it will hurt job growth, they will not want to keep paying it and they will lay people off so it will be detrimental to your cost. that is the argument. >> i think it is a good argument and i support keep government out of these decisions whenever you can. let the private sector work its will. the qu
Dec 5, 2013 1:00pm PST
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. and our networks are getting crowded. but if congress, the fcc, and the administration free up... more licensed wireless spectrum, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. so when my moderate to severe chronic plaque psoriasis them. was also on display, i'd had it. i finally had a serious talk with my dermatologist. this time, he prescribed humira-adalimumab. humira helps to clear the surface of my skin by actually working inside my body. in clinical trials, most adults with moderate to severe plaque psoriasis saw 75% skin clearance. and the majority of people were clear or almost clear in just 4 months. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of c
Dec 9, 2013 9:00am PST
about klein because we know a lot of drops in sales have happened in china even though the economy there grew 8% in the third quarter. how does this impact the u.s. economy, as well? >> that's right. these are some of the most important companies to the u.s. economy. and already some are reporting their competitors in europe are stealing their business simply because these companies are able to say that they can offer better privacy protections and they don't have to help the sa snoop. microsoft's general counsel wrote in a blog post that customers won't use technology they don't trust. he says the government puts that trust at risk and the government has to help restore it, suzanne. >> evan, thank you so much. a lot of people are just thinking you can't -- there's no guarantee of privacy wherever you are. >> as i said, hardly the nsa but a lot of those companies have been accused of collecting plenty of data about us, as well. >> information. >> it's not the same thing about you. >> not altruistic. >> not at all. an american singer, check this out, not arab, nearly took the top pr
Dec 9, 2013 5:00am PST
speaking on the economy. back to you. >> thank you. it's new american airlines is also official today. the merger between it and u.s. airways will be finished as of this morning. four airlines now control 80% of the u.s. market. as you know that was a huge concern for the government which forced american and u.s. airways and terry, to give up certain routes. but everything official as of today. >> fly to maui today. wouldn't that be nice. >> it's a 9:00 plane. >> even better. we need a warm-up although the rain, snow that we've gotten over the weekend, that's great news. >> it really is especially a lot of that is going to stick around in tahoe, up to 2 1/2 feet there in the highest peaks. throughout day today, it's going to be cold out there to start. but we're still going to end up a few degrees milder than where we hit yesterday. 37 degrees in san francisco, we're at 23 degrees in the north bay. expecting to fall into the teens in the coldest cities in the north bay throughout the next couple hours. looking pretty good for the second half of the day. temperatures are going to climb
Dec 3, 2013 5:00pm PST
everyone is a winner here. gm, ford,and more... our economy we have to have the auto working. because the rest of the economy will fall in place. >> jacqueline: and definitely on the chilly side today. but it will get colder temperatures money in the upper 40's floor 50 sprit but we are heavy handed for twenties tonight. had it down to the south still seeing a few lingering snow shoppers. clear skies here locally so the cold temperatures will lead to a frosty conditions for most of the bay area and freezing conditions for the north bay north and inland valleys. temperatures are struggling to get into the fifties. rain will return to the forecast by friday. throughout much of the bay area san francisco will be the only place not under the freeze on morning. again widespread frost. also subfreezing temperatures. here is a look at futurecast widespread 20's and 30's. we only have slightly conditions. >> jacqueline: temperatures in the 40's struggling to get into the fifties. first let's look at the morning low temperatures. freezing in concord 28 in santa rosa and in napa 35 for half moo
Dec 4, 2013 6:00pm PST
control to local districts but they said schools could be in for a shock if the economy takes another hit. >> one thing, the state's revenues grow and it has sustained growth. >> the audit says districts may struggle with the cost of adopting a new curriculum next year. >> lot of students in poverty. >> auditors question whether funding increases will be enough to keep the university of california and cal state affordable. he said it is a strange day when efforts to ensure every student graduates with college are labeled as high risk. >>> in 2 minutes asking businesses to buy their own names back. why one man claims he owns the rights. >> the trend of freezing temperatures forcing people to bundle up across the bay area. coming up, if the fridged conditions continue into the weekend. >> why some say this ad is offensive and others are supporting it. [ male announcer ] this is a leather-wrapped steering wheel. this is a heated leather seat. this is a secret storage space. this is another. this is 8.4 inches of go-anywhere. this is 20 inches of water-fording talent. this is armor. this is 3
Dec 6, 2013 7:00am PST
the u.s. economy has been created over $200,000 a month. this is very good nils because the job market is strengthening. wall street is reacting positively. the >> we have been dealing with subfreezing temperatures. are you ready for the rain and snow? i will have a full detail of what to expect. [uncle]this is hopscotch,okay? uncle go one,two,one,two,one two,one. [niece]okay! [uncle]okay? [niece]one,two three,four,five,six,seven,eight! [uncle laughing] okay,we go the other way,okay? [niece]one,two,three,four,five, six,seven! [uncle laughs]there's ten spaces,you want to try again? [uncle]yeah? tell me you can'wait for christs. and you appreciate the things io. because we'll ways be a famil tell me i bring out the best iyou. ♪ that you're thankful ♪ that it won't be theame without me tell me you love m even if you say it every d. just tell . [ female announcer everyone you love has someing they need to hear this holid. tell them with a hallmark card >> welcome back. we are watching the weather perry ed there is an ice storm out of dallas. the traffic is just box of the roadway, thei
Dec 5, 2013 5:00am PST
. >> workers take the jobs because they are desperate in an economy that is not creating enough work for people with want to go to work and not creating enough middle class jobs. >> this is the demonstration in oakland back if october and if the minimum wage went up to $15 food prices would go up and there would be fewer jobs. last month, president obama said he would back a senate measure to raise the federal minimum wage to $10.10 an hour and san francisco and san jose heard pay $10 or more an hour. >> a report card is due for bart police show how well they have implemented changes in the wake of the oscar grant shooting five years ago. bart police will receive grids -- grades on 55 changes recommended with calls for bart miss to improve rider state, increase visibility, and provide proper training to employees. the bart board will be briefed on the train break down in the berkeley hills tunnel and consider bart fare changes. >> the agency that oversees development in the san francisco way has launched a remain for am investigation into google secret barge at treasure island. right ares is re
Dec 4, 2013 9:00am EST
takeaway now from the data that we're getting? >> i think the economy was strong in the third quarter and some of the weakness that we're going to get in the overall gdp number in the fourth quarter i think is exaggerated by inventory turn around. jobs are doing okay, we came back from a little swoon we had in july/august and it looks like businesses in the private sector were able to find their way through or even see through the government shutdown and hired and seem to be doing okay with the big exception to the data capital investment, simon. >> i know that's a big thing for next year. tom, the dow and s&p have each recorded eight consecutive weeks of gains. is it any wonder that we're correcting? >> i think what the market has to grapple can is what's your next catalyst to move higher? we have a modestly better economic profile built in for 2014 but it's still a better profile. while it may seem like a rather small advance from this year, the the bottom line is the incremental growth could be seen as a catalyst into the equity market in 2014. >> what do you think, rob, will work
Dec 2, 2013 2:30pm EST
necessary to help our economy grow. that would make the right choices when it comes to how we fund the variety of things the boat -- government does. i do not have a rubber support on that except that we certainly agree with those republican leaders who have said since the debacle that they impose on the american economy ended, that they will not do that again. >> he came up and said that the shutdown was overcoming was while it happened again, and he said no. what is the white house doing to prevent that? >> again, i would refer you back to that experience./ we asked for nothing in return for keeping the government open. when itmade clear that comes to budget deal, to make a reasonable compromise to make sure that the economy grows faster, create more jobs for the middle class and it is more secure. that we make the kind of investments that help our, grown not just now but in the future. the only side in this ideological debate, or this debate that has been put forward as a copper has a plan that -- a copper has a plan that has included the development over the past couple of year
Dec 3, 2013 9:00am EST
that economy is too strong. i know it sounds strange. the housing boom is the echos what we had in this country. >> he's just over there to get alibaba to feature some british companies because it's such a vital platform for sales. >> yes. but mark carney has that under control. >> you love carney. >> he's the greatest central -- he's the central casting central banker. what's, a new movie coming out about wall street, if they need a central banker, go for him. >> okay. >> been a tough start to december but cramer is going to get us back on track. his "mad dash" is next as we come up to the opening bell. look at futures, implied open down about 61. you're watching "squawk on the street." connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more tim
FOX Business
Dec 3, 2013 9:20am EST
of a complex, global economy. it's just one reason ver 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you can fill at box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. wow...look at you. i've always tried to give it my best shot. these days i'm living with a higher risk of stroke due to afib, a type of irregular heatbeat, not caused by a heart valve problem. at rst, i took warfarin, but i wondered, "could i up my game?" my doctor told me about eliquis. and three important reasons to take eliquis instead. one, in a clinical trial, eliquis was proven to reduce the risk of stroke better than wa
FOX News
Dec 9, 2013 8:00am PST
of the economic news and what republicans are saying that obamacare will actually be hurting the economy as we get into 2014 and 2015. jon: well, one health care policy expert who was quoted in "the financial times" says it is tantamount to the decision consumers have to make when they buy a car. do you want a mercedes or want a chevy? if you want better health care you are in some circumstances able to pay for it but what if, you know, if these obamacare plans won't let these patients access some of the better hospitals, what are they supposed to do? >> oh, i think there will be a lot of people upset, whether cancer consumer groups or patient groups. they will be making the case for changes to the law. as you know, jon, that will be very hard to do with such a partisan law. so i think the consequences we're seeing whether on cost, high deductibles, whether it is on premiums, that's something that will be very, very hard to fix because there is a limit of what the administration can do administratively. a lot of republicans saying that he already gone too far, the president has gone too far on tho
Dec 6, 2013 4:00am PST
is improving and the economy is growing at its fastest pace in more than a year but stock traders are worried that means the federal reserve is closer to pulling back its stimulus. that $85 billion-a-month bond-buying program has been helping to power this year's record-setting run in the stock market. the fear of a fed pullback led to another market decline yesterday. here's a look at the closing numbers. the dow jones industrial average dropped 68 points. the nasdaq composite declined nearly 5 points and the s&p 500 index dropped for the fifth time in a row yesterday, matching its longest losing streak since september. it closed down nearly eight points apple has come up with a way to track where you are located, while you're inside one of its stores. starting today, the company will begin using i-beacon, an app that sends you messages tailored to where you are inside the store. one day, commuters might get information on subway delays as they stand on the platform, while museum visitors might get details on the painting they are standing in front of. of course, this raises privacy concerns
Dec 9, 2013 6:00am PST
are building one website as a team. >> wall street loved the latest jobs report. good news about the economy. we'll take a look coming up. >> and a fixer upper. definitely an understatement. we'll tell you why a burned out home is selling for nearly $400,000 in the south bay. >> where it is cold this morning. you can't tell from that picture but believe me it's cold. this is san jose. lights twinkling and mighty cold. 22 degrees in parts of the bay area. much more on that and your news coming up after the break. [ female announcer ] for those who love sweets your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples for homemade. you need safeway sugar for just a buck eighty-eight. and that magic thing that makes everyone want another only two ninety-nine for challenge butter. and when hands get messy, quite surely they'll say, yum! wow! yay! what a sweeter holiday. safeway. ingredients for life. >>> here are today's top stories. crews are washingtoning to clear sand from northbound 880 through oakland, the fiflt avenue off ramp is exp
Dec 9, 2013 3:00pm PST
and make a difference to our economy and to our nation. >> are they making a choice to ignore liberal arts or to move away from liberal arts or traditionally-- majors, i guess, that women have traditionally pursued in favor of stem? >> well, i think that, let me begin by saying that spellman college-- spelman college is in many ways a traditional liberal arts college in that we emphasize the skills that come from a strong liberal arts education. critical thinking, problem-solving, quantitative reasoning, communication skills. but certainly a third of our students come with an interest in moving into science. they may be thinking about health careers, initially. but once they start to explore biology, chemistry, physics, computer science, engineering, they see a wider range of options. and i think that's one of the things about spelman, that when they come to spelman they are exposed to faculty who represent a very diverse group of faculty, men and women, 52% of our stem faculty are women. a third of them are women of color. so that they're a broad range of role models and they see that the
Dec 6, 2013 11:00pm EST
great, can you tweet about the results? or is it too big? >> we can see it. in europe, the economy was slowing down. we had to compensate. generally the team really fights when those things happens to try to compensate for the macro. >> how do you compensate? >> be more aggressive and getting more merchants and doing more promotions. when we have macro events, they try to compensate. >> it is hard to see anything at a macro level. what are you staying in terms of the economic environment in the u.s.? >> this quarter was slow to start, right? look at the holiday shopping, it was pushed late. other than that, i think things are looking better and better. >> you have done so many acquisitions and have launched many products as well. john donahoe was excitedly showing this beacon. how do you describe it? >> we want to change how people shop. people love shopping, but they hate paying. >> and it is not just because they are cheap? >> no. everyone is like that. we want to remove that friction and make it completely invisible to pay. with beacon, we did that. you can go into a coffee shop
Dec 7, 2013 3:00pm EST
that the economy was slowing down. we had to compensate. the team really fights when those things happen to try to compensate for the macro. we try to compensate by being more aggressive and getting more merchants and doing more promotions. we are their share of checkout volume. when we have macro events, the team tries to compensate. >> in the u.s., your growth is hard to see at a macro level. -- at a micro level. what are you seeing on the economic environment? >> this quarter was slow to start. if you look at the holiday shopping season, it was pushed late. other than that, things are looking better and better. >> you have done so many acquisitions. talk to me about beacon. we were just talking about this. how do you describe it? >> we want to change how people shop. people love shopping. they hate paying. >> is that because they are cheap? >> everybody is like that. we want to remove the friction and make a completely invisible to pay. with beacon, we did that. you can go into a coffee shop, like you did, and you just walk in. your phone vibrates, so you know you are checked in. your photo
Dec 9, 2013 6:00pm EST
, larry page. account for a large part of the united states economy. how is the government likely to respond? >> this has a wholly new voice to the privacy debate. i've see advocates and members of that type of the advocates and members have taken a printable stand. we have the companies weighing in. congress doesn't listen. the president is -- congress and does a listen. -- the president is expecting a report. early next year, we will see action on it. said he is tobama get the nsa to impose self- restraint. let's take a listen. >> i will be proposing some tof-restraint on the nsa and initiate some reform to give people were confidence. i wanted everybody to be clear -- the people at the nsa generally are looking out for the safety of the american people and not interested in reading your e-mails and not interested in reading your text messages. >> president obama speaking on hardball. what kind of reforms do you imagine the president is talking about? >> the way he phrases it as self-restraint will not be enough. the nsa internally has privacy rules that it violates on a regular
Dec 4, 2013 3:00am PST
for the last three years and we have the highest investment rate of any economy in latin america that allowed us to become the country who created more jobs and more formal employment in all latin america in the last years. we are attracting more investment. the free trade agreement is a fundamental aspect of this new policy and this proactive policy. we are seeing new companies and technology and biotechnology. we are the richest country in biodiversity on the whole planet. there is a lot of interest from the new investments and we have connected the country with fiber optic and broadband and we need to see how we use it. today we are signing with microsoft and facebook and doing aboutile are very interested. there a lot of opportunities from that side of the investment sneftd traditional oil and minerals and all that sort. >> the tax sector in columbia. >> terrorism is a global problem as opposed to a regional problem. what specifically can columbia do working in conjunction with the united states to condition combatting global terror? >> we have learn and paid a very high cost in our war a
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